RCI Hospitality Holdings, through its subsidiaries, owns and
operates over forty upscale gentlemen’s clubs and restaurants in large markets
around the country – including New York City, Miami, Philadelphia, Dallas and
Minneapolis. With an unrelenting focus on innovation, the company has created a
truly upscale, friendly chain of clubs featuring some of the adult
entertainment industry’s most popular and recognizable establishments. This
market presence was reaffirmed earlier this month when Tootsie’s Cabaret Miami,
the country’s largest adult entertainment complex and a subsidiary of RICK, was
named “Overall Gentlemen’s Club of the Year” at the 23rd annual Gentlemen’s
Club EXPO in New Orleans.
During its fiscal quarter ending June 30, the company
successfully leveraged its established market position in order to achieve
strong financial growth. RICK’s total revenues for the period were $35.8
million, which represented a 7.3 percent improvement over the previous year.
Among this performance, the company achieved a 200 percent year-over-year
increase in sales from its Bombshells restaurant/bar segment, underscoring the
effectiveness of its recent acquisition-based growth strategy.
RICK’s management team is led by president and chief
executive officer Eric Langan, who has headed the company for more than 15
years. By employing self-motivated managers, adhering to strict cost control,
increasing cash flow and promoting maximized shareholder value, Langan has
helped transform RICK into a leading consolidator in the expansive gentlemen’s
club industry while maintaining a consistent spot on Forbes’s list of America’s
200 Best Small Companies. Moving forward, the company will benefit from his immense
leadership experience as it continues to expand into the thriving restaurant
industry.
With a full roster of past performers who have eventually
joined the illusive ranks of Penthouse Pets and Playboy Playmates, it’s easy to
see why RICK has continued to thrive in the adult entertainment market for more
than three decades. Look for the company to rely on industry innovation and its
experienced management team in order to ensure that its collection of major
brands – including Rick’s Cabaret, Vivid Cabaret, Tootsie’s Cabaret, Club Onyx,
Jaguars Club, XTC Cabaret and Bombshells – remain fixtures in their respective
markets for the foreseeable future.
For more information, visit www.rcihospitality.com
About MissionIR
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
